DESCRIPTION
(From The Jacket) – Providing savvy market players with a way to react quickly to event-driven opportunities and trends, exchange traded binary options are a unique type of derivative instrument offering fixed risk and reward. While they have long been used as a powerful hedging instrument by professional traders, binary options are now available to retail investors. Available in four asset classes – stock index futures, commodity futures, spot Forex, and economic data releases – binary options are distinctly different from regular put/call options in that their pay-out structure offers only two potential outcomes, or settlement values: 0 or 100.
The first book focusing exclusively on this burgeoning sector of the options market, “Binary Options” is a complete, how-to guide to trading this unique instrument to hedge risk, make smarter bets during volatile trading periods, and for improving overall returns.
Writing for experienced options traders, as well as novices – and everyone in between – binary trading expert, Alex Nekritin:
- Explores the theory behind binary options as a speculative instrument
- Discusses, in-depth, the six characteristics that distinguish binaries from other options and that make them such an attractive vehicle for hedging risk and improving returns
- Clearly explains how binary options work and the mechanics of how to trade them
- Shows how to read price quotes and options tickets and how to enter and exit positions
- Describes the markets in which binary options are available and the costs of placing trades
- Details proven binary trading strategies and how and when they should be deployed
- Outlines a rigorous approach to trading directionally around specific events, such as an earnings release, a shift in currencies, or a release of economic data
- Supplies dozens of examples to clarify each concept covered along with skill-building exercises
- Provides numerous quizzes that allow you to test your comprehension, each step of the way
- Includes a demo trading account on which to practice and hone your binary trading skills
- Supplies novice options traders with a glossary of all relevant trading-related terms
Providing the first comprehensive coverage of an increasingly popular, but poorly understood, trading instrument, “Binary Options” is a valuable working resource for traders and investors looking for a safe, relatively inexpensive instrument which, when used correctly, can significantly improve your ability to manage risk and net you substantial returns in every market climate.